Willow Grove, PA is an attractive suburb located in Montgomery County. It offers residents a quiet and peaceful environment while still being relatively close to major cities like Philadelphia. The cost of living in Willow Grove is slightly higher than the national average with a two-bedroom apartment renting for $1,620 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Willow Grove is 106 versus 100 in the US. Despite this cost difference there are many great attractions here that make it an appealing place to live. The city has several large businesses such as Lockheed Martin and SEI Investments Co., as well as numerous smaller companies that offer employment opportunities. For entertainment options there are plenty of local parks and recreational centers throughout Willow Grove providing residents with activities and events for everyone to enjoy.
Willow Grove has an unemployment rate of 5.6%. The US average is 6.0%.
Willow Grove has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Willow Grove
- The Sales Tax Rate for Willow Grove is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Willow Grove is 3.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Willow Grove
- The average income of a Willow Grove resident is $31,551 a year. The US average is $28,555 a year.
- The Median household income of a Willow Grove resident is $94,587 a year. The US average is $69,021 a year.